by Betcoin Poker on October 9 th, 2019

The United Nations Children’s Fund (UNICEF) announced launching a cryptocurrency fund to aid open source technology. The fund aims to benefit children and young people around the world.

As mentioned in their official statement, UNICEF will receive and distribute and hold donations of crypto in Bitcoin and Ether through their established crypto fund.

“This is a new and exciting venture for UNICEF,” said Henrietta Fore, UNICEF Executive Director. “If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.”

The Cryptocurrency Fund will contribute to the UNICEF Innovation Fund first – a GIGA initiative-coordinated project that connects schools across the internet.

“The Ethereum Foundation is excited to demonstrate the power of what Ethereum and blockchain technology can do for communities around the world. Together with UNICEF, we’re taking action with the Cryptofund to improve access to basic needs, rights, and resources,” said Aya Miyaguchi, Executive Director of the Ethereum Foundation. “We aim to support the research and development of the Ethereum platform, and to grow the community of those that benefit from a technology that will better countless lives and industries in the years to come. We’d like to thank UNICEF and the UNICEF family of national committees for their leadership as we create real progress together.”

Ethereum Foundation will place its initial donation through the French National Committee for UNICEF.

Prescrypto, Atix Labs and Utopixar will receive the initial donations. All projects work within the areas of matching investors, prescription tracking and community tokens and engagement.